1 July
2024
Aptitude Software Group
plc
("Aptitude", "the Group")
Fynapse contract win with a
major existing Aptitude Accounting Hub client
Aptitude (LSE: APTD), a
market-leading provider of autonomous finance software solutions,
is pleased to announce a Fynapse contract win with an existing
Aptitude Accounting Hub client, a leading global insurer with
operations in over 50 countries and territories (the "Client"). The
Client has entered into a three-year expansion contract in excess
of £4m incorporating Aptitude's next-generation Finance Data
Management platform, Fynapse and the Aptitude Accounting Hub,
adding to the Group's Annual Recurring Revenue ('ARR').
The three-year contract has
commenced in June and will generate a £0.4m incremental uplift per
annum to the existing total software contractual commitment,
delivering a total software contract value for the three years in
excess of £4.0m.
The Client wanted to move to
autonomous finance and avoid a monolithic, lengthy and costly "big
bang" implementation, opting instead for a rapid, incremental and
flexible approach made possible by Fynapse due to its modular
nature and speed of implementation.
With a substantial existing Aptitude
Accounting Hub customer base, the opportunity for Fynapse expansion
contracts is significant and a key strategic focus for the
Group.
Alex Curran, CEO of Aptitude, said:
"We are delighted to continue our work with this client, supporting
their autonomous finance journey with our next-generation Fynapse
platform. The selection by a leading global insurer underscores the
demand for an alternative approach to finance transformation and
showcases the platform's appeal to a top-tier financial services
organization."
Aptitude Software Group plc
|
|
Ivan Martin,
Chairman
|
020-3687-3200
|
Alex Curran, Chief Executive
Officer
|
|
Mike Johns, Chief Financial
Officer
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|
Alma Strategic Communications
|
|
Caroline Forde / Hilary Buchanan /
Will Ellis Hancock
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020-3405-0205
|
About Aptitude Software
Aptitude Software provides software
solutions that deliver fully autonomous finance to enable its
clients to drive growth, efficiency and sustainability. Fynapse is
Aptitude's intelligent finance data management and accounting
platform designed to increase productivity and lower costs for
finance teams globally. Fynapse provides a single view of
finance and business data, unparalleled performance and automation,
faster and better insights, user-friendly functionality and
market-leading total cost of ownership.